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The Wall Street Journal: Military newspaper Stars and Stripes set to lose half its funding as Pentagon shifts budget priorities – Forex Brasil

The Wall Street Journal: Military newspaper Stars and Stripes set to lose half its funding as Pentagon shifts budget priorities

The Pentagon, according to Military Times, has confirmed that its budget request slashes the more than $15 million that Stars and Stripes receives each year, accounting for approximately half of the publication’s annual budget.

WASHINGTON — The Pentagon has identified more than $5 billion in programs from which it wants to shift money to fund higher-priority initiatives, according to a draft budget document reviewed by the Wall Street Journal.

The targets for reduced funding include the “right-sizing” of about 50 medical facilities across the country, consolidating some logistics operations and reducing the subsidy for Stars and Stripes, the military’s independent newspaper, the draft document said.

Defense Secretary Mark Esper directed aides to review funding for nearly $100 billion in nonmilitary Pentagon programs to find cash to redirect toward initiatives considered higher-priority, such as combating threats from China and Russia, and away from efforts focusing on the Middle East, according to the document.

Defense officials also identified an additional $2 billion to be realigned within the individual services of the Army, Navy and Air Force, according to the draft.